Broker Check

Living In Retirement

Will you run out of money in retirement?

The biggest financial issue you will face is outliving your assets. According to the U.S. Census Bureau, the number of people age 100 and over nearly doubled during the 1990s. If that number continues to grow, you should plan on living a long time in retirement. Together, we will discuss your options and to make sure you are covering all the retirement planning bases. We will assess your portfolio composition and develop a plan for tapping your resources – in the right order – while in retirement. I am also prepared to help you take advantage of any potential benefits of estate and long-term care planning as well as tax and charitable gift strategies.

What are your biggest risks in retirement?

Building a retirement income plan starts by making sure that your income needs, and other financial objectives are met. After that, is the task of  valuating all the risks that you will face and developing a plan to address each one. Almost every risk requires a carefully crafted, balanced set of solutions. Together, we will review risks faced in retirement, including but not limited to, longevity, long-term care, market, and inflation risks.

What will your health care cost be in retirement?

The cost of health care is one of the most common retirement concerns. Even with insurance, some expenses will be paid out of pocket. For example, Medicare does not cover dental expenses. Also, chronic, or acute illnesses may mean more significant and unexpected out-of-pocket expenses. Typically, out-of-pocket health care costs will increase in retirement. I will provide a plan with different options to help address the cost of health care.